Strive's $90 SATS Price Implies 16.7% Yield on Annual Dividend

Strive closed a $630 million preferred-share sale at $90 per share, giving buyers an implied 16.7% annual yield if dividends are paid and highlighting the cost of financing Bitcoin (BTC) treasuries. The company sold 7 million SATS shares, up from a planned 5 million, at a discount to their $100 stated amount. Each share carries a 15% annual dividend based on that stated amount, or $15 a year. Dividing $15 by the $90 offering price produces the 16.7% figure if the dividend is paid in full. A one-year Treasury yielded 4.51% at par on Oct. 20.

Source: TokenPost